Richmond Brothers

JACKSON, MIfiles as Richmond Brothers, Inc.

$192m in 96 US stocks at the end of 30 June 2026. The top 10 are 36.5% of the money. It changed about 54.1% of the portfolio this quarter.

Value

$192m

Stocks

Top 10 share

36.5%

Turnover

54.1%

What changed this quarter

New

Bought for the first time this quarter.

NvidiaNVDA
3.3% of the fund
AIM ETF Products TrustSIXD
1.8% of the fund
AIM ETF Products TrustMAYT
1.6% of the fund
Spdr Series TrustMDYG
1.4% of the fund
Fidelity Covington TrustFDIS
1.4% of the fund
Elevation Series TrustONEZ
1.4% of the fund
Fidelity Covington TrustFHLC
1.4% of the fund
Fidelity Covington TrustFIDU
1.3% of the fund
Fidelity Covington TrustFUTY
1.3% of the fund
AIM ETF Products TrustDECT
1.2% of the fund
Meta PlatformsMETA
1.2% of the fund
McDonald'sMCD
1.1% of the fund
Spdr Series TrustMDYV
1.1% of the fund
Micron TechnologyMU
1.1% of the fund
BroadcomAVGO
1.1% of the fund
AIM ETF Products TrustJUNT
1.0% of the fund
Applied MaterialsAMAT
1.0% of the fund
Cisco SystemsCSCO
1.0% of the fund
Johnson & JohnsonJNJ
0.9% of the fund
MastercardMA
0.9% of the fund
Fidelity Covington TrustFMAT
0.9% of the fund
AIM ETF Products TrustFEBT
0.8% of the fund
ExxonMobil HoldingsXOM
0.7% of the fund
International Business MachinesIBM
0.7% of the fund
Watts Water TechnologiesWTS
0.7% of the fund

Added

Bought more of a stock they already held.

AppleAAPL
4.7% of the fund
+169%
MicrosoftMSFT
3.1% of the fund
+600%
Berkshire HathawayBRK-B
1.7% of the fund
+12%
Amazon.comAMZN
1.7% of the fund
+1212%
AlphabetGOOGL
1.4% of the fund
+451%
Connect Biopharma HoldingsCNTB
0.7% of the fund
+12%
Ishares TRIVV
0.5% of the fund
+141%
Heron TherapeuticsHRTX
0.4% of the fund
+25%

Cut

Sold some of their stake.

Invesco QQQ TRQQQ
14.8% of the fund
-49%
Vanguard World FDVGT
2.0% of the fund
-55%
Vanguard World FDVIS
1.8% of the fund
-56%
Vanguard World FDVDE
1.7% of the fund
-56%
Vanguard World FDVHT
1.6% of the fund
-56%
Vanguard World FDVAW
1.6% of the fund
-56%
Vanguard World FDVPU
1.6% of the fund
-56%
Vanguard World FDVOX
1.6% of the fund
-55%
Vanguard World FDVDC
1.5% of the fund
-57%
Vanguard World FDVFH
1.5% of the fund
-58%
Vanguard World FDVCR
1.5% of the fund
-58%
Vanguard Index FDSVNQ
1.4% of the fund
-59%
Guggenheim Strategic Opportunities FundGOF
1.4% of the fund
-4%
Vanguard BD Index FDSBIV
1.2% of the fund
-47%
Vanguard BD Index FDSBLV
1.2% of the fund
-48%
Proshares TRTQQQ
0.9% of the fund
-2%
Vanguard BD Index FDSBSV
0.7% of the fund
-47%
Vanguard Malvern FDSVTIP
0.6% of the fund
-46%
Vanguard World FDEDV
0.5% of the fund
-47%
Proshares TRQLD
0.4% of the fund
-64%
Proshares TRSSO
0.3% of the fund
-64%
Mimedx GroupMDXG
0.2% of the fund
-11%
AlphabetGOOG
0.1% of the fund
-18%

Sold out

Sold their entire stake.

Spdr Series TrustBIL
-100%

Holdings

Invesco QQQ TRQQQ
Share
14.8%
Value
$28m
Shares
38,528
-49%
AppleAAPL
Share
4.7%
Value
$9m
Shares
31,196
+169%
NvidiaNVDA
Share
3.3%
Value
$6m
Shares
31,477
New
MicrosoftMSFT
Share
3.1%
Value
$6m
Shares
15,886
+600%
Vanguard World FDVGT
Share
2.0%
Value
$4m
Shares
32,345
-55%
Vanguard World FDVIS
Share
1.8%
Value
$3m
Shares
9,697
-56%
AIM ETF Products TrustSIXD
Share
1.8%
Value
$3m
Shares
111,640
New
Berkshire HathawayBRK-B
Share
1.7%
Value
$3m
Shares
6,612
+12%
Amazon.comAMZN
Share
1.7%
Value
$3m
Shares
13,824
+1212%
Vanguard World FDVDE
Share
1.7%
Value
$3m
Shares
21,692
-56%
Vanguard World FDVHT
Share
1.6%
Value
$3m
Shares
10,501
-56%
Vanguard World FDVAW
Share
1.6%
Value
$3m
Shares
13,624
-56%
Vanguard World FDVPU
Share
1.6%
Value
$3m
Shares
15,748
-56%
AIM ETF Products TrustMAYT
Share
1.6%
Value
$3m
Shares
78,997
New
Vanguard World FDVOX
Share
1.6%
Value
$3m
Shares
16,315
-55%
Vanguard World FDVDC
Share
1.5%
Value
$3m
Shares
12,679
-57%
Vanguard World FDVFH
Share
1.5%
Value
$3m
Shares
21,641
-58%
Vanguard World FDVCR
Share
1.5%
Value
$3m
Shares
7,091
-58%
Vanguard Index FDSVNQ
Share
1.4%
Value
$3m
Shares
28,796
-59%
Spdr Series TrustMDYG
Share
1.4%
Value
$3m
Shares
24,659
New
Fidelity Covington TrustFDIS
Share
1.4%
Value
$3m
Shares
26,432
New
Elevation Series TrustONEZ
Share
1.4%
Value
$3m
Shares
98,061
New
Guggenheim Strategic Opportunities FundGOF
Share
1.4%
Value
$3m
Shares
247,151
-4%
Fidelity Covington TrustFHLC
Share
1.4%
Value
$3m
Shares
34,305
New
AlphabetGOOGL
Share
1.4%
Value
$3m
Shares
7,344
+451%
Fidelity Covington TrustFIDU
Share
1.3%
Value
$3m
Shares
25,307
New
Fidelity Covington TrustFUTY
Share
1.3%
Value
$2m
Shares
41,897
New
AIM ETF Products TrustDECT
Share
1.2%
Value
$2m
Shares
60,114
New
Vanguard BD Index FDSBIV
Share
1.2%
Value
$2m
Shares
30,208
-47%
Meta PlatformsMETA
Share
1.2%
Value
$2m
Shares
4,091
New
Vanguard BD Index FDSBLV
Share
1.2%
Value
$2m
Shares
32,523
-48%
McDonald'sMCD
Share
1.1%
Value
$2m
Shares
7,963
New
Spdr Series TrustMDYV
Share
1.1%
Value
$2m
Shares
22,681
New
Micron TechnologyMU
Share
1.1%
Value
$2m
Shares
1,815
New
BroadcomAVGO
Share
1.1%
Value
$2m
Shares
5,398
New
AIM ETF Products TrustJUNT
Share
1.0%
Value
$2m
Shares
52,590
New
Applied MaterialsAMAT
Share
1.0%
Value
$2m
Shares
2,670
New
Cisco SystemsCSCO
Share
1.0%
Value
$2m
Shares
15,599
New
Johnson & JohnsonJNJ
Share
0.9%
Value
$2m
Shares
6,945
New
Proshares TRTQQQ
Share
0.9%
Value
$2m
Shares
21,649
-2%
MastercardMA
Share
0.9%
Value
$2m
Shares
3,411
New
Fidelity Covington TrustFMAT
Share
0.9%
Value
$2m
Shares
29,593
New
AIM ETF Products TrustFEBT
Share
0.8%
Value
$2m
Shares
39,690
New
ExxonMobil HoldingsXOM
Share
0.7%
Value
$1m
Shares
9,885
New
Vanguard BD Index FDSBSV
Share
0.7%
Value
$1m
Shares
17,107
-47%
International Business MachinesIBM
Share
0.7%
Value
$1m
Shares
4,674
New
Connect Biopharma HoldingsCNTB
Share
0.7%
Value
$1m
Shares
535,612
+12%
Watts Water TechnologiesWTS
Share
0.7%
Value
$1m
Shares
3,212
New
Philip Morris InternationalPM
Share
0.7%
Value
$1m
Shares
6,935
New
VisaV
Share
0.6%
Value
$1m
Shares
3,634
New
Wells Fargo & CompanyWFC
Share
0.6%
Value
$1m
Shares
15,060
New
IntuitINTU
Share
0.6%
Value
$1m
Shares
4,734
New
AmgenAMGN
Share
0.6%
Value
$1m
Shares
3,314
New
JPMorgan ChaseJPM
Share
0.6%
Value
$1m
Shares
3,459
New
GracoGGG
Share
0.6%
Value
$1m
Shares
14,867
New
LennarLEN
Share
0.6%
Value
$1m
Shares
12,237
New
Advanced Micro DevicesAMD
Share
0.6%
Value
$1m
Shares
1,895
New
Pimco ETF TRBILZ
Share
0.6%
Value
$1m
Shares
10,897
New
Vanguard Malvern FDSVTIP
Share
0.6%
Value
$1m
Shares
21,777
-46%
Procter & GamblePG
Share
0.6%
Value
$1m
Shares
7,372
New
Arista NetworksANET
Share
0.6%
Value
$1m
Shares
6,319
New
Vanguard World FDEDV
Share
0.5%
Value
$1m
Shares
15,897
-47%
Ishares TRIVV
Share
0.5%
Value
$1m
Shares
1,338
+141%
UnitedHealth GroupUNH
Share
0.5%
Value
$961,418
Shares
2,313
New
AbbVieABBV
Share
0.5%
Value
$958,491
Shares
3,809
New
ComcastCMCSA
Share
0.5%
Value
$941,579
Shares
38,353
New
Elevation Series TrustSEPZ
Share
0.5%
Value
$898,048
Shares
19,763
New
CitigroupC
Share
0.5%
Value
$895,487
Shares
6,398
New
OracleORCL
Share
0.4%
Value
$861,724
Shares
5,880
New
WalmartWMT
Share
0.4%
Value
$834,548
Shares
7,368
New
Verisk AnalyticsVRSK
Share
0.4%
Value
$802,008
Shares
4,467
New
Heron TherapeuticsHRTX
Share
0.4%
Value
$764,961
Shares
1,792,319
+25%
Ishares TRSGOV
Share
0.4%
Value
$713,731
Shares
7,090
New
Morgan StanleyMS
Share
0.4%
Value
$700,619
Shares
3,352
New
Proshares TRQLD
Share
0.4%
Value
$699,179
Shares
7,226
-64%
SalesforceCRM
Share
0.4%
Value
$688,841
Shares
4,397
New
AccentureACN
Share
0.4%
Value
$683,055
Shares
5,489
New
Proshares TRSSO
Share
0.3%
Value
$601,968
Shares
8,934
-64%
Bank of AmericaBAC
Share
0.3%
Value
$576,205
Shares
10,111
New
ChevronCVX
Share
0.3%
Value
$576,071
Shares
3,475
New
Spdr Series TrustSPYG
Share
0.3%
Value
$575,937
Shares
4,840
New
Bristol-Myers SquibbBMY
Share
0.3%
Value
$562,497
Shares
9,762
New
Elevation Series TrustQBER
Share
0.3%
Value
$536,116
Shares
22,526
New
Palantir TechnologiesPLTR
Share
0.3%
Value
$511,559
Shares
4,385
New
AptargroupATR
Share
0.3%
Value
$486,167
Shares
3,883
New
Mimedx GroupMDXG
Share
0.2%
Value
$405,656
Shares
105,365
-11%
Spdr Series TrustSPYV
Share
0.2%
Value
$375,016
Shares
6,169
New
American Centy ETF TRAVIG
Share
0.2%
Value
$356,123
Shares
8,600
New
Columbia SportswearCOLM
Share
0.2%
Value
$354,148
Shares
5,729
New
Steel DynamicsSTLD
Share
0.2%
Value
$350,156
Shares
1,526
New
Janus Detroit STR TRVNLA
Share
0.2%
Value
$306,923
Shares
6,281
New
AlphabetGOOG
Share
0.1%
Value
$256,871
Shares
727
-18%
AlvotechALVO
Share
<0.1%
Value
$165,423
Shares
44,830
Held
Nuveen AMT-Free Municipal Credit Income FundNVG
Share
<0.1%
Value
$161,419
Shares
12,610
Held
Rockwell MED
Share
<0.1%
Value
$16,851
Shares
30,611
Held
Ocean PWR Technologies
Share
<0.1%
Value
$3,104
Shares
11,846
Held

Company	Share of fund	Value	Shares	Change
Invesco QQQ TRQQQ	14.8%	$28m	38,528	-49%
AppleAAPL	4.7%	$9m	31,196	+169%
NvidiaNVDA	3.3%	$6m	31,477	New
MicrosoftMSFT	3.1%	$6m	15,886	+600%
Vanguard World FDVGT	2.0%	$4m	32,345	-55%
Vanguard World FDVIS	1.8%	$3m	9,697	-56%
AIM ETF Products TrustSIXD	1.8%	$3m	111,640	New
Berkshire HathawayBRK-B	1.7%	$3m	6,612	+12%
Amazon.comAMZN	1.7%	$3m	13,824	+1212%
Vanguard World FDVDE	1.7%	$3m	21,692	-56%
Vanguard World FDVHT	1.6%	$3m	10,501	-56%
Vanguard World FDVAW	1.6%	$3m	13,624	-56%
Vanguard World FDVPU	1.6%	$3m	15,748	-56%
AIM ETF Products TrustMAYT	1.6%	$3m	78,997	New
Vanguard World FDVOX	1.6%	$3m	16,315	-55%
Vanguard World FDVDC	1.5%	$3m	12,679	-57%
Vanguard World FDVFH	1.5%	$3m	21,641	-58%
Vanguard World FDVCR	1.5%	$3m	7,091	-58%
Vanguard Index FDSVNQ	1.4%	$3m	28,796	-59%
Spdr Series TrustMDYG	1.4%	$3m	24,659	New
Fidelity Covington TrustFDIS	1.4%	$3m	26,432	New
Elevation Series TrustONEZ	1.4%	$3m	98,061	New
Guggenheim Strategic Opportunities FundGOF	1.4%	$3m	247,151	-4%
Fidelity Covington TrustFHLC	1.4%	$3m	34,305	New
AlphabetGOOGL	1.4%	$3m	7,344	+451%
Fidelity Covington TrustFIDU	1.3%	$3m	25,307	New
Fidelity Covington TrustFUTY	1.3%	$2m	41,897	New
AIM ETF Products TrustDECT	1.2%	$2m	60,114	New
Vanguard BD Index FDSBIV	1.2%	$2m	30,208	-47%
Meta PlatformsMETA	1.2%	$2m	4,091	New
Vanguard BD Index FDSBLV	1.2%	$2m	32,523	-48%
McDonald'sMCD	1.1%	$2m	7,963	New
Spdr Series TrustMDYV	1.1%	$2m	22,681	New
Micron TechnologyMU	1.1%	$2m	1,815	New
BroadcomAVGO	1.1%	$2m	5,398	New
AIM ETF Products TrustJUNT	1.0%	$2m	52,590	New
Applied MaterialsAMAT	1.0%	$2m	2,670	New
Cisco SystemsCSCO	1.0%	$2m	15,599	New
Johnson & JohnsonJNJ	0.9%	$2m	6,945	New
Proshares TRTQQQ	0.9%	$2m	21,649	-2%
MastercardMA	0.9%	$2m	3,411	New
Fidelity Covington TrustFMAT	0.9%	$2m	29,593	New
AIM ETF Products TrustFEBT	0.8%	$2m	39,690	New
ExxonMobil HoldingsXOM	0.7%	$1m	9,885	New
Vanguard BD Index FDSBSV	0.7%	$1m	17,107	-47%
International Business MachinesIBM	0.7%	$1m	4,674	New
Connect Biopharma HoldingsCNTB	0.7%	$1m	535,612	+12%
Watts Water TechnologiesWTS	0.7%	$1m	3,212	New
Philip Morris InternationalPM	0.7%	$1m	6,935	New
VisaV	0.6%	$1m	3,634	New
Wells Fargo & CompanyWFC	0.6%	$1m	15,060	New
IntuitINTU	0.6%	$1m	4,734	New
AmgenAMGN	0.6%	$1m	3,314	New
JPMorgan ChaseJPM	0.6%	$1m	3,459	New
GracoGGG	0.6%	$1m	14,867	New
LennarLEN	0.6%	$1m	12,237	New
Advanced Micro DevicesAMD	0.6%	$1m	1,895	New
Pimco ETF TRBILZ	0.6%	$1m	10,897	New
Vanguard Malvern FDSVTIP	0.6%	$1m	21,777	-46%
Procter & GamblePG	0.6%	$1m	7,372	New
Arista NetworksANET	0.6%	$1m	6,319	New
Vanguard World FDEDV	0.5%	$1m	15,897	-47%
Ishares TRIVV	0.5%	$1m	1,338	+141%
UnitedHealth GroupUNH	0.5%	$961,418	2,313	New
AbbVieABBV	0.5%	$958,491	3,809	New
ComcastCMCSA	0.5%	$941,579	38,353	New
Elevation Series TrustSEPZ	0.5%	$898,048	19,763	New
CitigroupC	0.5%	$895,487	6,398	New
OracleORCL	0.4%	$861,724	5,880	New
WalmartWMT	0.4%	$834,548	7,368	New
Verisk AnalyticsVRSK	0.4%	$802,008	4,467	New
Heron TherapeuticsHRTX	0.4%	$764,961	1,792,319	+25%
Ishares TRSGOV	0.4%	$713,731	7,090	New
Morgan StanleyMS	0.4%	$700,619	3,352	New
Proshares TRQLD	0.4%	$699,179	7,226	-64%
SalesforceCRM	0.4%	$688,841	4,397	New
AccentureACN	0.4%	$683,055	5,489	New
Proshares TRSSO	0.3%	$601,968	8,934	-64%
Bank of AmericaBAC	0.3%	$576,205	10,111	New
ChevronCVX	0.3%	$576,071	3,475	New
Spdr Series TrustSPYG	0.3%	$575,937	4,840	New
Bristol-Myers SquibbBMY	0.3%	$562,497	9,762	New
Elevation Series TrustQBER	0.3%	$536,116	22,526	New
Palantir TechnologiesPLTR	0.3%	$511,559	4,385	New
AptargroupATR	0.3%	$486,167	3,883	New
Mimedx GroupMDXG	0.2%	$405,656	105,365	-11%
Spdr Series TrustSPYV	0.2%	$375,016	6,169	New
American Centy ETF TRAVIG	0.2%	$356,123	8,600	New
Columbia SportswearCOLM	0.2%	$354,148	5,729	New
Steel DynamicsSTLD	0.2%	$350,156	1,526	New
Janus Detroit STR TRVNLA	0.2%	$306,923	6,281	New
AlphabetGOOG	0.1%	$256,871	727	-18%
AlvotechALVO	<0.1%	$165,423	44,830	Held
Nuveen AMT-Free Municipal Credit Income FundNVG	<0.1%	$161,419	12,610	Held
Rockwell MED	<0.1%	$16,851	30,611	Held
Ocean PWR Technologies	<0.1%	$3,104	11,846	Held

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 25.9% since 30 June 2025.

Where the money is

Technology19.0%

Financial services5.6%

Health care4.2%

Retail & consumer3.6%

Media & telecom3.2%

Industrials1.7%

Everyday goods1.6%

Energy1.0%

Materials0.4%

Other59.6%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.